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Exponential Production Decline has a physical meaning of producing from the finite-volume reservoir with finite reserves 

LaTeX Math Inline
body--uriencoded--Q_%7B\rm max%7D
under Pseudo Steady State (PSS) conditions, resulting in constant Production decline rate 
LaTeX Math Inline
bodyD(t) = D_0 = \rm const
.


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Fig. 1. Exponential best fit to Exponential Production DeclineFig. 2. Hyperbolic best fit to Exponential Production DeclineFig. 3. Harmonic best fit to Exponential Production Decline


See Also

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Petroleum Industry / Upstream /  Production / Subsurface Production / Field Study & Modelling / Production Analysis / Decline Curve Analysis

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